that happens to be the same amount we asked the treasury department to set aside exclusively for community development financial institutions and minority diposit institution so this morning i like to urge the treasury department are really set aside the money returned by big publicly traded companies of the ppp for loans to businesses that are truly sesmall with under ten employees and other underserved minority and women owned businesses. too many big companies rushed in to secure small business lending of the ppp program while smaller ones were shut out. the administration should have been far more careful to put out stronger guidance to the banks in the early days. something they are trying to correct now. we should write those disparities of treasury word redirect those loans to truly small and underserved businesses using community-based lenders i hope the secretary will agree to this. another issue that cannot wait is tech. that is the key to finally feeding this disease and to safely reopening the country. president trump promised on march 6, anybody that want to test can get a tes

so this morning, i'd like to urge the treasury department to immediately set aside the money being returned by big publicly traded companies in the ppp for loans to businesses that are truly small, the very small businesses with under 10 employees and other underserved rural minority owned and women owned businesses. too many big companies rushed in to secure small business lending in the early days of the ppp program while smaller businesses were shut out. the administration should have been far more careful about who got the lending and put out much stronger guidance to the banks in the early days, something i believe they're trying to correct now. we can begin to right those disparities, if treasury would simply redirect, redirect the return loans to truly small and underserved businesses using community-based lenders. i hope secretary mnuchin will agree to this. another issue that cannot wait for another bill of course is testing. testing is the key to finally defeating this disease, and it's the key to safely reopening the country. president trump promised on march 6th, his words, anyb

that have received small business loans have started sheepishly returning the money to the treasury department. rightly so. many have much greater access to other capital than true small businesses, and they shouldn't crowd out the lending of those small businesses that truly need it. secretary mnuchin has told me that roughly $10 billion in loans have been paid off or returned by these large companies. $10 billion happens to be the same amount we asked the treasury department to set aside for lending to minority did he pos it incident -- deposit institutions. i would like to ask that the money being set aside by big publicly traded companies in the p.p.p. for loans to businesses that are truly small. the very small businesses with under ten employees and other underserved rural, minority-owned and women-owned businesses. too many big companies rushed in to secure early lending in the early days of the p.p.p. program, while smaller businesses were shut out. they should have put out stronger guidance to the banks in the early days. something i believe they were trying -- they are trying to corr

. >>> up next, a new report finds the treasury department was keeping a close eye on general michaelnn as well. we take that up and much more with investigative journalist john solomon. we'll be right back, please stay with us. you'll find it worthwhile. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. i got this mountain bike for only $11. dealdash.com, the fair and honest bidding site. an ipad worth $505, was sold for less than $24; a playstation 4 for less than $16; and a schultz 4k television for less than $2. i won these bluetooth headphones for $20. i got these three suitcases for less than $40. and shipping is always free. go to dealdash.com right now and see how much you can save. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need.

. >>> up next, a new report finds the treasury department was keeping a close eye on general michaelnn as well. we take that up and much more with investigative journalist john solomon. we'll be right back, please stay with us. you'll find it worthwhile. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can count on us. lou: breaking news, a new report revealing details of an alleged whistleblower who claims the treasury department regularly and frequently spied on general michael flynn from as early as december of 2015. neil mccabe of the ohio star reports a whistleblower and her colleague were convinced that spying on flynn was flatly politica

on the treasury department front, you can expect a lot of questions about the $500 billion that were largely set aside at secretary mnuchin's discretion to try to help out troubled companies. why is that money not being spent very much so far, and what are the plans to use it most effectively to help workers? i think the other part of this that will be interesting is the forward looking part. what do these officials think needs to be done in a next legislative package? here's a free question for any of the senators on the banking committee or any of their staff. treasury secretary mnuchin is in a meeting right now with mitch mcconnell and the vice president about potential next legislative steps. so what does the administration think the senate needs to do next? the republican-controlled senate has said they want to sit back and wait a little bit before they decide what their next steps might be in terms pafsing more relief. that conversation is happening as we speak, stephanie. and it might be interesting to see what the thinking is behind those closed doors. >> without a doubt. gar

the treasury department could put holds on transactions and freeze assets.d be in response to a new national security law that would curtail the rights of citizens. new target for coronavirus testing in the u.s. marks a new expansion that would have some states doubling, quadrupling, and for puerto rico, completing five times the amount of tests they did through april. a stronger federal role is required to solve issues like shortages of material. in italy, most of the people who died from the coronavirus were elderly and had other health problems. 96% oft finds more than those who died at other conditions. for a seventh consecutive day, india has reported its biggest jump in virus cases. 140health ministry reported 5000 more infections, an increase from the day before. officials reported more than 4100 deaths. aseloads have been rising pandemic lockdown restrictions have eased. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell. this is bloomberg. sca

you don't have the fbi, the cia, the dnc, the state department, the treasury department, the nsa andhe rest of it, you don't have such a full administration wide activity to destroy a candidate, destroy president-elect, and then to destroy a president, all donald trump and everybody around him without the president of the united states not only knowing about it at least in general terms even the go-ahead. the go-ahead. more when i come back. hey it's me, lily from at&t. i'm back working from home and here to help. hey lily, i'm hearing a lot about 5g. should i be getting excited? depends. are you gonna want faster speeds? i will. more reliability? oh, also yes. better response times? definitely. are you gonna be making sourdough bread? oh, is that 5g related? no, just like why is everyone making sourdough now... but yes, you're gonna want 5g. at&t is building 5g on america's best network. visit att.com to learn more. we're finally back out in our yard, but so are they. scotts turf builder triple action. it kills weeds, prevents crabgrass and feeds so grass can thrive, guaranteed. our

you don't have the fbi, the cia, the dnc, the state department, the treasury department, the nsa and rest of it, you don't have such a full administration wide activity to destroy a candidate, destroy president-elect, and then to destroy a president, all donald trump and everybody around him without the president of the united states not only knowing about it at least in general terms even the go-ahead. more when i come back. i just assumed all bladder leak pads felt the same. but nothing makes me feel like new always discreet boutique. outside, it's soft like underwear. inside, it turns liquid to gel. for incredible protection, that feels like nothing but my underwear. new always discreet boutique. working on the front lines, and here's one small way that you can help them in return. complete your 2020 census today. 2020 census data helps communities plan funding for hospitals, clinics, and emergency services across the country. an accurate count helps public health officials know who is at risk, and first responders identify the resources they need to protect our communities. compl

cash store sounds like what a 6 year old called the bank cash store is what trump calls the treasury department so you're not that far off but cashed or can't exactly give out payday loans the people without paydays so they need the stimulus checks to survive especially since america has a hole about $10000000000.00 in outstanding payday loans and i need payday lenders to survive since i was making extra money acting in payday lending commercials like this one because the fancy boys. are you located in this abandoned k.f.c. taco bell sabo. i don't know very few go back to that you're pretty good at it but they did they did even let you hold up anything higher than single dollar bills anyway payday lenders only trap poor people in debt they shouldn't get to steal their stimulus checks to pay what you can steal what's owed to you plus $1200.00 isn't going to last that so much a health care worker pays again and $95.00 mask that someone spit inside only once . i mean i paid $100.00 for 3 disposable masks and at least one of them had an eater still attached to it god was why you paint a bloody mess

the treasury department has come out with an interpretation that would t allow the $150 billion already appropriated to be used to pay firefighters and police and first responders, to help with unemployment insurance accounts at the state level, to help with health care costs of people who lose health care at the state level and a range of other things, dramatically fobrought the eligibility of thk uses forat the dollars that have already been allocated to the state and local governments. so, i think that it's important for us to make sure that as we look at any additional assistance that we might provide to determine how will the dollar is already out there has been hn used and could in fact see the actual needs are before we add to that. we have a number of pronouncements here. speaker pelosi said we need a trillion dollars in assistance for the state and local governments. it's hard for me to see how you can make a statement like that not knowing what the original $150 billion has been used for u whether it's been used at all. so the fact that we have $150 billion in the pipeline, th

the authority under the cares act to exempt the payments from private debt collectors but the treasury department other former goldman sachs exact steve menuhin refused to exercise that authority the spike pressure from democratic members of congress and state attorneys general so former big bankers like him a new gin bend the rules in their favor oh please minucci doesn't care about cash or big banks have the same relationship with a payday lender as joe and jill biden have with hunter biden's love child they know they're related but they. act like it doesn't exist ok so the exemptions just a happy accident you know like the kid ok but millions of americans were already deep in private debt before a covert one team anyone with a private student loan car loan or a bank overdraft fee might as well join the americans with lower back tattoos who also won't get their stimulus to hail a stop it people with lower back tattoos will get their stimulus checks just not anyone with tatts of chinese characters for obvious reasons also good luck getting that lasered off because that is not an essential servic

the treasury department was dangling this $10 billion and saying you got to do union concessions, youobviously raise package delivery rates on amazon, you have to install certain people in charge of the postal service, and we see the result of that today, with louis dejoy, this trump donor being put in charge and that is my understanding why david williams resigned and he did not want to participate in -- >> so you got -- you got a situation where treasury has this $10 billion line of credit and they're in desperate straits, and the treasury department is using that as a kind of, as leverage, to get the usps to do the kinds of things that are the focus of the president's vendetta, including that we have this political head, who is now put in charge of the usps, as we come into an election, we should know, in which it may be extremely vite thal we have mail-in voting, right? i mean we saw what happened in wisconsin. there's a lot of fear about what happens in the fall particularly if we have a sec wave, like there is a fundamental democratic role for the usps to play here, that could b

we forgot to have the treasury department send money to people illegally. my goodness. what an oversight. thank goodness democrats are on the case. the speaker's bill tries to use the virus as cover to sweeping changes in election laws that democrats have wanted for years. like forcing every single state to enforce the ballot harvesting whether they want to or not. and then, madam president, the cherry on top, the bold new policy from washington democrats that will kick the coronavirus to the curb and save american families from this crisis. here it is -- here it is -- new annual studies on diversity e within the canibus industry. not one, but two of them. let me say that again. the democrats supposed coronavirus bill includes taxpayer-funded studies to measure diversity and inclusion among the people who profit off of marijuana. the word cannibus appears in the bill 68 times. more times than the word job, and four times as many as the word hire. maybe that's just as well because when their proposal does try to treat the economic crisis, it proposes stifling anti-work p

miller to be inspector general for pandemic recovery at the treasury department. if he's confirmed by the full senate, mr. miller will be ensuring that the trillions that we've provided for coronavirus relief were spent properly. the banking committee will also be holding an oversight hearing with key financial regulators to learn about the steps they've taken to learn about our financial sector during this time. the senate judiciary committee will be examining the issue of liability during the covid pandemic and frequent frivolous lawsuits from damaging our economy once we reopen. the senate commerce committee, which i'm a member, will be looking at efforts to maintain and expand reliable high speed broadband access during this time when so many americans are relying on internet in connection with work, school and family and the senate health and labor and education committees will be hearing directly from the leaders of the fight against the coronavirus, dr. fauci, and others. and experts will talk about what we need to do to open our economy and our schools and

treasury department says it will need to borrow nearly 3 trillion dollars in just a few months raising questions about what this could mean long term and a number of troops lines across the globe are facing criminal investigations will prosecutors claim money set sail without fully disclosing the risk involved we have a packed show for you today so let's go and dive right it. as of tuesday global deaths from corona virus top 254000 the number of cases stand more than 3600000 a vaccine possibly and play now as u.s. based company pfizer is working with a german drug maker biotech and said they have already started delivering doses of their experimental vaccine here in the united states will if the vaccine proves to be safe and effective it could be ready for us distribution by the end of the year well this comes as we reported yesterday the trumpet ministration is predicting a continuous surge in new cases based on a new model where up to 3000 daily deaths will occur by june 1st the white house now predicting a death toll of 134000 this is nearly double its previous estimate well the tru

voting on the nomination of brian muller to be inspector general for pandemic recovery at the treasury department. these confirmed by the full senate he will be essential part in ensuring the trains we have provided for coronavirus relief are spent properly. the banking committee will also have an oversight committee with key federal financial regulators to learn about the steps they taken to ensure the safety and soundness of our financial sector during the challenging time. the senate judiciary committee will be examining the issue of liability and discussing ways for frivolous losses from damaging our economy oncemy reopen. the senate commerce committee of which i'm able and the mamber were looking for ways to expand reliable high-speed broadband access during this time when so many americans are relying on their internet for work, school, and connections with friends and family. in the senate health education committee will be hearing directly from the leaders of our fight against the coronavirus, doctor fauci, redfield and han and the admiral. the centers will be talking to these experts but

the treasury department has in the past few days, madam president, come out with an interpretation that would allow those dollars, the $150 billion already appropriated, to be used to pay firefighters, to pay police, to pay first responders, to help with unemployment insurance accounts at the state level, to help with health care costs for people who lose health care at the state level, and a range of other things to dramatically broaden the eligibility of uses for the dollars that have already been allocated to state and local governments. and so i think it's important for us to make sure as we look at any additional assistance that we might provide to determine how well the dollars that are already out there have been used and to in fact see what the actual means are before we add to that. we had a number of pronouncements around here. the speaker of the house, speaker pelosi has come out and said we need $1 trillion in addition for state and local governments. it's hard to see how you can make a statement like that not knowing what the $150 billion has been used for or whether it has

for individuals that meant providing treasury department with authority to issue nearly $300 billion in economic impact payments to families across the nation. this economic impact payment was $1,200 for an individual, $2,400 for a couple, and $500 for each child that went out in checks or direct deposit. it also meant giving individuals access to cash and retirement accounts, suspending required distributions from requirement accounts already hit by steep declines in the stock market, and giving employers more flexibility to help employees with student loan payments. many of these tools are similar to ones made available to help families recover from natural disasters in recent years so we were not reinventing policy for this pandemic. we were taking use of things we always tried before. now these changes i just mentioned, each of these changes are tools that can be implemented very quickly to help families access the cash that they need to get through these difficult times. now, going to the business tax relief measures our approach was to modify existing provisions of the tax code

the treasury department and congress in another stimulus bill could be making more changes that willek period and also hopefully the mix of expenses that you can use whether it's payroll and some other operating expenses. so fingers crossed that the changes come sooner rather than later. arthel: perhaps that's in the leeway, more leeway for these -- for the ppp, maybe that's part of it. >> gene: it is, the only leeway given is certain specifics of what exists right now. so, for example, some people are asking if they pay their payroll right now, can they get forgiven if they've incurred but haven't paid it yet and there are new guidelines that give you some guidance on doing that. other people were saying, gee, can i get forgiveness for rent expense that i pay. it's just my office or how about if i'm renting piece of equipment, something like that, again, the -- >> arthel: hair salon. >> gene: if you're running hair salon, you have equipment, forgiveness so that's good news. arthel: okay that is good news. let's move onto this, millions of americans are relying on stimulus checks and

on april 9, 2020, the federal reserve board and department of treasury announced a new and expanded set of lending programs to provide up to $2.3 trillion in loans. this 13.3 federal lending facility -- actually, all of them, specifically the main street lending facility, are crucial components of the strategy to promote a u-shaped recovery which reinforces the need to have them up and operating, and being is broadly available for as many businesses as possible. title iv includes robust oversight requirements to ensure the statute is followed, and to protect against waste, fraud, and abuse. the special inspector general for pandemic recovery, or sigper, another new federal acronym, will oversee the reporting and auditing requirements of the law, and it is critical that we quickly confirm the nominee so the important work can begin. this afternoon, we will consider the nominations the honorable brian miller of virginia to be special inspector general for pandemic recovery. and mrs. dana wade of the district of columbia to be assistant secretary for housing and federal housing commissione

the treasury department releasing these images. it sent 4 million stimulus payments on debit cards to the americans. debit cards can be activated immediately used to make purchases, get cash or transfer funds into a bank account without a fee. most people got a direct deposit into their bank account because they already have your information for taxes so you probably got a direct payment. >>> still ahead, another troubling example of how coronavirus is attacking minority communities. cnn reports from navajo nations next. needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. theand we want to thank times, witthe extraordinary people in the healthcare community, working to care for all of us. at novartis, we promise to do our part. as always, we're doing everything we can to help keep cosentyx accessible and affordable. if you have any questions at all, call us, email us, visit us online. we're here to

they're all the same, following the guidelines issued by the treasury department.der the instructions, the banks, as to what should be in the promissory notes. but just remember, it's still a promissory note. and again, if you're borrowing the money, you want to make sure that you understand the terms of any borrowing agreement you have and most importantly, arthel, when you look at the promissory note, there will be a sec spacen that will say here are the terms for forgiveness when you submit for your payroll and utilities and other expenses. those terms are exactly the terms that are being consistent with what the treasury department has said but my advice as a business owner, make sure you understand those. that's all. arthel: bottom line, last question, i've got to go quickly, if you can. are there clear instructions on a government website that say if you are looking to go for one of these loans, here's what you make sure you have, a, b, c, and d and don't do one, two, three and four. >> that is such a great question and the answer is absolutely yes. if you wa

so i 100% agree e and, again, once we see this went to the treasury department, obama's ambassador toeno was unmasking general flynn's name. this is a terrible thing. lou: yeah. he said i received a staff to become treasury secretary, sent over jack lew to run are it, to manage the irs, for crying out loud, amongst other agencies. there's not much subtlety in what they did or why. let's turn, if we may, to ron johnson seeking subpoena power. why in the world doesn't he have it already, why in the world isn't the investigation moving at a breakneck speed? i'm not suggesting in any way that i'm not delighted that senator johnson has had the guts to stand up and go after these issues. >> senator johnsons has done a fantastic job. he's one of the, one of, unfortunately, very few republicans in the senate who has done a good job. remember that senator johnson was the one who put out the strzok-page text messages. and so that really, that gave a lot of important information to the american public. i assume that they will get subpoena power, and thank goodness that senator john is moving for

even in general terms you don't have the fbi, the cia, the dnc, the state department, the treasury departmentthe nsa, andbi all of the rest of it, you don't have such a full administration wide activity to destroy a candidate, destroy a president-elect and then to destroy a president all donald trump and everybody around him without the president of the united states nota only knowing about it but at least in general terms getting the go ahead. more when i come back. back. is mealtime a struggle? introducing ore-ida potato pay. where ore-ida golden crinkles are your crispy currency to pay for bites of this... ...with this. when kids won't eat dinner, potato pay them to. ore-ida. win at mealtime. when taking a break from everyday life is critical to everyone's health, there is one thing we can all do together: complete the 2020 census. your responses are critical to plan for the next 10 years of health care, infrastructure, and education. let's make a difference, together, by taking a few minutes to go online to 2020census.gov. it's for the well-being of your community and will help shape amer

in the treasury department, six different people.s going on in those last several weeks of the obama administration? we're now beginning to understand how determined they were to go after this president, to cover up their scheme that they had back in their administration. and jim comey was the guy who was going to protect them because he was going into the next administration. and then when he gets fire, bob mueller's going to protect them. but finally we are getting to the details, getting to the facts, and that's why we're holding this up until we get a better product for the president to sign. lou: better product. i like the idea that you don't sign a damn thing. there's no excuse to be spying on americans for any reason, and that crap has a got to end. >> yep. lou: that's just one opinion. we are going to see your opinion on what we're going to learn -- >> the right opinion. [laughter] lou: thank you, sir. we're going to get your opinion on, well, lindsey graham, sort of a, i guess he's an investigator now, and he's going to have

. >> in the u.s., the treasury department plans to borrow a record $3 trillion in the second quarterf this year to finance the federal reserve's. . tothe federal response covid-19. this, as more and more states allow certain businesses to reopopen like indiana and kansas on monday. some retailers in california are said to be reopen friday. almost 72,000 0 people have died from covid-19 in the u.s., and there are concerns if state economies move too fast, there will be a new wave of cases and deaths. nicholas reports. >> in florida, a gradual easing of restrictions continues with reopened restaurants at 25% capacity. life, too, is returning to the beaches. >> this is clearwater beach, first day of opening the beach. it is open for recreation, fitness, all of the sunshine they want. you just have to stay six feet apart from other groups at the beach. >> the safe lifting of business closures with stay-at-home orders is expected in 31 u.s. states by next monday. initial hotspots, such as new york and new jersey, are seeing their daily number of infections fall. other areas see cases rise

on the nomination of brian miller to be the inspector general for pandemicc recovery at the treasury department the key role created by the helegislation in congress to the implementation is done in the rightas way. and with that key oversight role and then to be an essential part it with those detrillions for that spent properly. and those that a hearing on the initiative it with the coronavirus legislation and with that private sector public sector collaboration and that's going on with the healthea education committee. and that of which i am a member with the impact of covid-19 on the airline industry. something we know to be profoundly impacted by what's happening with the virus. next week the committee will be hearing directly about the fight against the coronavirus. and the key role in any future coronavirus and then those to meet once again here in washington dc. and the pandemic will be the priority in washington in the coming weeks and months but we americano for the people the nominations are essential those are the some of the items on the agenda. the senate intelligence community ar

senate banking committee pulled a confirmation hearing for pending nominations including the treasury department's special inspector general for pandemic recovery. there is also a confirmation hearing on c-span2 at 9:30 a.m. eastern for texas representative john ratcliffe who has been picked to serve as the next writer of national intelligence. at 11:00 a.m., the senate is back to consider the nomination of the national head of intelligence and security center. use the congressional directory for contact information for members of congress, governors, and federal agencies. order your copy online today. >> at a news conference in tallahassee, florida, governor ron desantis gave an update on the coronavirus and his state's phased approach to reopening. this is just under an hour. gov. desantis: good afternoon. i'm here to give an update on covid-19 and specifically an update on where we are with the reemployment program and the compensation we have been paying out and what we are going to continue to do going forward. doing what have we been with the plan? from the beginning, protect the vulnerable,

that actually braexd the treasury department complex. they had to haul that man into the treasury department building. >> a couple things if you allow me to explain. the wall in front of the white house. it has been a minute since i've been, well, been to the white house itself. the barrier that you see there is part of the wall project? they're building a new wall. this new thing that they've built, this temporary fence, they're building a new fence that is 13 feet tall. the white house fence there. you see this temporary fence that has been erected in front of white house and it has been there about a year now. my question to you is, when they are struggling with these police barricades, the secret service police, when the protesters grabbed these barricades and push them back, what happens to the barricades? do officer run and grab another one in do they go into the crowd somewhere? >> the officers will run off, grab other barricades, come slide them over, try to reinforce, again you'll see a push and pull with the protesters. they ha

reserve chair jerome powell, likely a discussion this morning about small businesses and what the treasury department or federal reserve can do to help out small businesses. i want to let you know about that -- 10:00 a.m. eastern time on capitol hill. you can watch that on c-span, c-span.org, or you can listen if you download the free c-span radio app. they are likely to be asked about this headline in "the washington post as well -- "washington post" as well. a chair has not been appointed, but there are four members and they put out a 17-page report finding that the money from the $500 billion fund created by the first cares act to help businesses and local government, very little of it has been spent. so those two will be asked about that this morning. again, 10:00 a.m. on c-span, or watch on our website, c-span.org ap.ownload the c-span radio the federal reserve chair is likely to be asked about a "60 minutes" interview where he set the fed has not used all of its tools and will use more if it needs to. that is in "the wall street journal" this morning. there is also a related headline in the "wa